Posted by Bob at Get the Deed on April 19, 2002 at 09:31:19:
First off, your lender will probably let you have the property in the name of your LLC, as long as you sign personally for the loan. They want your name as someone that will assure that the payments will be made. That’s called a loan with recourse and you can provide that recourse for the lender.
BUT why do you want to go to a lender and get a loan?
Look into the ‘subject to’ process, and buy the homes with the loan still in the seller’s name. That topic has been discussed extensively on this board and also on some of the banner ads.
Hope this helps,